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Borrow money for a new production facility

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Reference no: EM133132935

UPLB Hydra Systems makes a piping machine with 3.7m diameter piping head. The company wants to borrow money for a new production facility. If the company offers to repay the loan with 60,000pesos in one year and amounts increasing by 10,000 pesos each year through year 5, how much can the company borrow at an interest rate of 10% per year?

Reference no: EM133132935

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